Convicted Fraudster Suing Credit Union He Ripped Off

Businessman sues Lake Michigan CU for not protecting members from his thievery.

By David Morrison|February 14, 2013 at 11:04 AM

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A man convicted of defrauding the $2.8 billion, 202,000-member Lake Michigan Credit Union has sued the Grand Rapids, Mich., credit union, he says on behalf of the members, because the credit did not have policies in place to detect his fraud.